Why is the FSA important to you, as a customer

The FSA is an independent watchdog set up by the government to regulate financial services and protect your rights. It covers a wide range of services and pensions are one of them. So, why is the FSA and its pension advice and regulations important to you? To find out more visit http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/StatePensionforecast/DG_10014008

The FSA (Financial Services Authority) introduced regulations within the pension business in 2004. This means that every pension provider you deal with today should be FSA registered and should comply with the FSA regulations. As a result this means that all the advice you receive from a professional pension adviser should be honest and within your best interests.

The Pensions Act 2004 benefits you and protects your rights by:

• Ensuring that all the existing legislation is clear and accessible
• Establishing a Pensions Regulator
• Obliging all Stakeholder Pension Schemes are registered with the Pensions Regulator

This is a tremendous benefit to you as a consumer as it means that you can be sure that your rights are being protected